The latest national student loan policy will be implemented this fall! Applicants can borrow 4,000 yuan more each year.

　　CCTV News:On September 14th, the State Council held a briefing, and the responsible persons of the Ministry of Finance and the Ministry of Education introduced the notice on further improving the national student loan policy.

　　The relevant person in charge of the Ministry of Finance and the Ministry of Education said,From 2012 to 2020, the state’s fiscal education funds totaled 28.88 trillion yuan, with an average annual growth rate of 8%, and the proportion of the state’s fiscal education funds in GDP remained above 4% for nine consecutive years.It has effectively promoted the all-round development of education. This time, at the same time, the amount of national student loans will be increased again.Full-time college students (including second bachelor’s degree, higher vocational students, preparatory students, the same below) increase the amount of loans applied for each year from no more than 8,000 yuan to no more than 12,000 yuan; The annual loan amount for full-time graduate students will be increased from no more than 12,000 yuan to no more than 16,000 yuan. Each person can borrow an extra 4,000 yuan a year for a maximum of 22 years.Expanded the scope of use, greater incentives.

　　Recently, the Ministry of Finance, the Ministry of Education, the People’s Bank of China and China Banking and Insurance Regulatory Commission jointly issued the Notice on Further Improving the National Student Loan Policy. The national student loan applied by students should be used to pay the tuition and accommodation fees during the school period, and the excess can be used to make up for the daily living expenses.

　　The notice will be implemented from the fall semester of 2021.